Tsinghua University Professor Patrick Chovanec alludes in his latest blog post to three paragraphs in the FT that are “too explosive to reprint in a blog authored in China.” Here’s the part he’s talking about: Read more: http://www.businessinsider.com/china-elite-talking-about-a-revolution-2011-11#ixzz1dIknPtyl
Maksim Khrustalev. Pravda.Ru. 09.11.2011 The recipes from the IMF took Russia to the default in 1998, which automatically ended the “fruitful cooperation” with the fund. Strange as it may seem, Russia began to recover after that. The IMF could not be happy with that, of course. The Fund became concerned with […]
There is a 65 percent chance of a banking crisis between November 23-26 following a Greek default and a run on the Italian banking system, according to analysts at Exclusive Analysis, a research firm which focuses on global risks. http://www.cnbc.com/id/45218531
WASHINGTON — When Citigroup agreed last month to pay $285 million to settle civil charges that it had defrauded customers during the housing bubble, the Securities and Exchange Commission wrested a typical pledge from the company: Citigroup would never violate one of the main antifraud provisions of the nation’s securities […]
Arabian Business releases a list of the Arab world’s 50 most powerful expatriates every year. We’ve researched the top 15; be sure to check out the full list here. Read more: http://www.businessinsider.com/most-powerful-expatriates-arab-world-2011-11#ixzz1d75Wu8xG
NEW YORK (CNNMoney) — Italian bond yields hit record highs Monday, getting perilously close to the 7% mark, as faith wanes in Prime Minister Silvio Berlusconi. The yield for 10-year Italian bonds spiked to 6.5% Monday, easing back from earlier highs of 6.8%. Read more
Defense Minister Ehud Barak left for an unscheduled trip to London shortly after a secret visit to Israel by the British chief of staff General Sir David Richards earlier this week as guest of Israel’s top soldier Lt. Gen. Benny Gantz. Read more: http://macromon.wordpress.com/2011/11/05/is-iran-about-to-get-hot/#ixzz1d1YLEBlW
Customers of MF Global Holdings Inc. whose money is still trapped at the futures broker almost a week after filing for bankruptcy protection say the safeguards meant to protect them failed as exchanges and regulators work to move client positions. CME Group Inc. (CME), the world’s largest futures exchange that’s […]
LAHORE, Pakistan — A Pakistani antiterrorism court indicted five militants and two police officers Saturday in the assassination of former Prime Minister Benazir Bhutto, prosecutors said. Ms. Bhutto was killed after an election rally in 2007 in an attack by at least one gunman and a suicide bomber, both of […]
Courtesy: NY Times November 3, 2011 Oligarchy, American Style By PAUL KRUGMAN Inequality is back in the news, largely thanks to Occupy Wall Street, but with an assist from the Congressional Budget Office. And you know what that means: It’s time to roll out the obfuscators! Anyone who has […]
The United States economy created a modest number of jobs in October, the Labor Department reported Friday. Employers added 80,000 payroll positions on net, slightly less than what economists had expected. That compares to 158,000 jobs in September, a month when the figure was helped by the return of 45,000 […]
By its very nature, Islamic finance can help alleviate suffering in the Mediterranean and particularly in North Africa, Malta Institute of Management president Reuben Buttigieg told last week’s Mediterranean Islamic Finance Conference. This is the time to show that the values we preach come to reality in a region that […]
FRANKFURT — The European Central Bank lowered its benchmark interest rate Thursday, as the new president, Mario Draghi, acted quickly to address a looming recession and acute tension caused by the sovereign debt crisis. Mr. Draghi, assuming office at one of the most dramatic points in the history of the […]
Nearly 46 million Americans are now taking food stamps, and the growing numbers advanced at 8.1% over just the past year Food Stamps And The End Of The American Empire
Federal Reserve officials lowered their outlook for U.S. economic growth in 2012 and forecast that unemployment will average from 8.5 percent to 8.7 percent in the final three months of next year. The forecasts were released after the Federal Open Market Committee today acknowledged economic growth “strengthened somewhat” in the […]
Why Europe Can’t Solve Its Debt Crisis http://ti.me/uKg4il
By Hana Namrouqa AMMAN – HRH Prince Hassan on Tuesday called for the establishment of a regional social charter that acts as a “legal covenant for a just distribution of resources and human security”. In his address at the opening of the Sixth Jordanian International Mining Conference, he proposed that […]
ATHENS — The Greek government was plunged into chaos on Tuesday and faced an imminent collapse, as lawmakers rebelled against Prime Minister George Papandreou’s surprise call for a popular referendum on a new debt deal with Greece’s foreign lenders. Such a collapse would not only render the referendum plan moot, […]
By Omar Obeidat JORDAN TIMES AMMAN – Foreign economic assistance to Jordan for 2011 is expected to reach $2.8 billion, according to Minister of Planning and International Cooperation Jafar Hassan. He explained that foreign assistance directed to the Kingdom this year comes in several forms: Cash grants to support the […]